Severn Trent voices concerns about Ofwat price controls
23rd Nov 2012 07:14
Utilities giant Severn Trent has voiced concerns with Ofwat's proposed water price controls in response to a statement by the regulator this week which welcomed 'constructive' criticism. Industry regulator Ofwat released a statement on Tuesday evening that sought to clarify some licence modificatio
Read moreLondon close: Footsie rallies in afternoon trade
21st Nov 2012 16:30
- Greek aid agreement expected next week - Trading expected to be light tomorrow - Johnson Matthey tumbles six per cent after gloomy outlook The FTSE 100 opened on the back foot on Wednesday morning after the initial disappointment regarding a delay in funds to Greece; however comments by Eurozone
Read moreFTSE 100 movers: Johnson Matthey dives as divi disappoints
21st Nov 2012 15:15
Shares in platinum refiner Johnson Matthey tumbled after it reported a six per cent drop in profits in the first half, while warning that it doesn't expect things to pick up in the latter part of the fiscal year and announcing a lower-than-expected dividend increase. Chief Executive Neil Carson sa
Read moreSector movers: Water stocks celebrate 'softer' stance from Ofwat
21st Nov 2012 15:04
Utilities stocks were performing well on Wednesday afternoon after an Ofwat statement eased concerns in the sector about water price controls. Industry regulator Ofwat released a statement on Tuesday evening that sought to clarify some licence modification proposals following requests for more info
Read moreLondon open: Stocks fall as Greek aid delayed
21st Nov 2012 08:36
London's benchmark FTSE 100 index dropped into the red in early trading on Wednesday morning after Eurozone finance ministers delayed a decision on the next tranche of the Greek bailout. Matthew Nelson, a financial sales trader from Spreadex, said this morning: "The poor sentiment has not been aide
Read moreLondon close: Stocks drop on concerns over Greece
8th Nov 2012 16:31
- Greek bailout delay concerns sink stocks - Draghi expects Eurozone to remain 'weak' - BoE and ECB keep policy stance unchanged After solid gains in the morning session, equity markets in London swung into the red in afternoon trade, after dreary comments from Mario Draghi and concerns about a bai
Read moreBroker snap: Nomura downgrades United Utilities after strong run
8th Nov 2012 10:53
Nomura has downgraded its rating for United Utilities (UU), saying that the stock is now a fully valued take-out option. UU's year-to-date performance has been strong, with the shares outperforming UK 10-year Gilts by 9% and the FTSE 100 by 5%. Nomura says that this was driven by media rumours that
Read moreThursday broker round-up
8th Nov 2012 09:01
AB Foods: Credit Suisse ups tagged from 1,300p to 1,450p, outperform rating kept. Aviva: Panmure Gordon keeps buy rating and 425p target. Balfour Beatty: Panmure Gordon keeps buy rating and 310p target. BTG: Jefferies keeps hold rating and 360p target; Panmure Gordon keeps hold rating and 400p t
Read moreWednesday broker round-up
7th Nov 2012 08:59
3Leg Resources: Jefferies keeps buy rating and 100p target AB Foods: Barclays Capital ups target from 1,375p to 1,475p, overweigh rating kept; Nomura ups target from 1,380p to 1,500p, buy rating kept. Aberdeen: UBS ups target from 340p to 370p, buy rating kept. Babcock: Jefferies ups target from
Read moreWednesday broker round-up - UPDATE
3rd Oct 2012 09:06
African Barrick Gold: Westhouse Secuirites raises target from 464p to 495p. AG Barr: Panmure Gordon keeps hold rating and 440p target. AstraZeneca: Panmure Gordon downgrades from buy to hold, target cut from 3,100p to 3,000p. Barclays: UBS downgrades from buy to neutral, 235p target unchanged. B
Read moreFTSE 100 movers: United Utilities rises on takeover speculation
19th Sep 2012 15:43
United Utilities rose into the top spot on the back of renewed speculation over a potential takeover. While one might be justified in being wary of simple speculation and rumours on this ocassion they were given credence by analysts at Bank of America-Merrill Lynch no less. This follows talk to a si
Read moreTuesday broker round-up
11th Sep 2012 09:29
3i Group: Oriel Securities downgrades to hold. AB Foods: HB Markets upgrades to buy. ARM Holdings: UBS raises target from 645p to 750p, buy rating kept. ASOS: Investec upgrades from hold to buy, 2,450p target kept. Bunzl: Goldman Sachs downgrades to sell, target cut from 978p to 965p. Burberry:
Read moreSector movers: Defensives perform well as risk appetite wanes
30th Aug 2012 15:49
Defensive sectors were benefiting from their 'safe-haven' attributes on Thursday as investors scaled back risk ahead of some key meetings of world leaders in the coming weeks, starting with the eagerly-anticipated Jackson Hole symposium which begins later this evening. Whether or not Federal Reserv
Read moreFriday broker round-up
24th Aug 2012 09:34
African Minerals: Jefferies cuts target from 800p to 550p, buy rating kept. Anglo American: Jefferies downgrades from buy to hold, 2,200p target kept. Ashmore: Citigroup downgrades to sell, target cut from 305p to 300p. Berendsen: Investec maintains buy rating and 570p target; Seymour Pierce down
Read moreFTSE 100 movers: Xstrata rises despite Glencore CEO's comments
21st Aug 2012 14:45
Shares in Xstrata were higher throughout the day despite Glencore CEO Ivan Glasenberg saying that the proposed merger of the two companies is "not a must-do deal". Speaking to Dow Jones Newswires, he said: "If we don't do it now, we can do it in the future." Glencore was up after beating profit es
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